News Highlights: Silicon Valley Bank shut down by regulators

© Moneycontrol News Highlights: Silicon Valley Bank shut down by regulators

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22:31:24 IST

ALERT: India's forex reserves rise for the first time in 5 weeks to $562.40 billion.

22:24:16 IST

Silicon Valley Bank shut down by regulators

Silicon Valley Bank has been closed by regulators, which have taken control of the bank’s deposits, the Federal Deposit Insurance Corporation announced Friday.

22:20:34 IST

Restrictions under Section 144 of CrPC imposed in parts of Manipur

After violence erupted in parts of Manipur, prohibitions under Section 144 of the CrPC were imposed in the whole of Kangpokpi District HQ under Kangpokpi and Champhai sub-divisions, Sapermeina and Motbung area under Saitu Gamphazoi sub-division, and Saikul area under Saikul subdivision, since March 9 until further orders.

22:19:09 IST

FIH Pro League hockey: India shock world champions Germany 3-2

In the FIH Pro League hockey match in Rourkela, India shocked defending world champions Germany 3-2. Sukhjeet Singh scored twice - in the 31st and 42nd minutes.

22:01:42 IST

Jairam Ramesh dismisses K Kavitha's hunger strike on women's bill as 'diversionary tactics'

Congress general secretary Jairam Ramesh disregarded BRS MLC K Kavitha's hunger fast in support of Women's Bill, saying it was an effort to divert attention from the ED summons issued to her.

Questioning BJP, he asked why the party despite its overwhelming majority had failed to pass the Women's Reservation Bill in the parliament over the previous nine years.

21:57:10 IST

Morbi bridge tragedy: Supplementary charge sheet against Oreva Group MD

Oreva Group Director Jaysukh Patel has been charged with further offences in the case involving the collapse of the Morbi suspension bridge last year, which resulted in the deaths of 135 people.

21:55:25 IST

US treasury head expresses 'concern' on decline in bank stocks

The US Treasury chief Janet Yellen expressed 'concern' over the decline in bank stock prices brought on by the share price collapse of Silicon Valley Bank.

"There are recent developments that concern a few banks that I am monitoring very carefully. When banks experience financial losses it is and should be a matter of concern," Janet Yellen told a Congressional committee. 

21:45:21 IST

Centre releases Rs 1.40 lakh crore tax devolution amount to states          

The government has released the 14th installment of tax devolution of more than Rs 1.40 lakh crore to states.

"The Union Government has released the 14th installment of tax devolution to state governments amounting to Rs 1,40,318 crore on March 10, as against normal monthly devolution of Rs 70,159 crore," the finance ministry said.

Currently, 41 percent of taxes collected by the Centre is devolved in 14 installments to states during a fiscal year. 

21:34:38 IST

ALERT: RBI approves the reappointment of Sumant Kathpalia as MD & CEO of IndusInd Bank for a further period of two years with effect from March 24, 2023. 

21:33:29 IST

Tata Lockheed Martin Aerostructures Limited to begin implementation of fighter wing production

Lockheed Martin & Tata Group have reached an agreement to begin implementation of fighter wing production at the companies’ joint venture, Tata Lockheed Martin Aerostructures Limited, in Hyderabad. The MoU envisions production of 29 fighter wing shipsets, with an option of additional shipsets, and deliveries commencing in 2025.

21:20:11 IST

COVID-19, H3N2 review meeting tomorrow

The Empowered Group on COVID-19 and National Expert Group on Vaccine Administration for COVID-19 (NEGVAC) will hold an internal meeting tomorrow to review the coronavirus and H3N2 virus situation in the country, officials said.

21:05:29 IST

Kerala expected to get normal temperatures in summer this year

“Temperature in Kerala is 2-3°C above normal. Temperature rising due to shortage of rain. In the next 3-4 days, light showers are expected in southern districts so the temperature will reduce. Kerala expected to get normal temperatures in summer this year,” says K Santosh, Director, MeT Department